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He adds: “Financial markets and economic commentators had not been expecting the MPC to increase rates again when it met, with the consensus view that the MPC would hold off making any further increases in 2017.

“A clear point of interest in the coming months will be when the next hike is likely to come to meet this steady approach, with commentators holding differing views on when this might occur in 2018.”

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Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.